
Lean hog futures rebounded on Nov 21 after a six-session sell-off, closing higher as USDA reported strong weekly pork export sales including sales to China. Chinese officials also said Beijing was willing to work with the US on core trade concerns, though reports suggested a phase one trade deal could slip into 2020.
Hog prices remain tied to China export prospects, and pork export demand supports slaughter and feed use, though the gain was viewed as a technical bounce.
Setelah 85 peristiwa perdagangan bullish sebelumnya, Babi Hidup (Lean Hogs) bergerak median +0,8% selama 5 sesi (54% lebih tinggi; separuh tengah -1,8% sampai +4,5%), dan +4,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.